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Nonprofiteer
← DREAM BUILDERS 4 EQUITY

Form 990 for tax year 2024

Filed by DREAM BUILDERS 4 EQUITY.

Totals

Total revenue
$1,206,460
Total expenses
$1,359,041
Contributions and grants received
$953,203
Grants paid
$0
Program service revenue
$151,629
Investment income
$37,324
Other revenue
$64,304
Total assets, end of year
$1,128,118
Total liabilities, end of year
$66,397
Net assets or fund balances, end of year
$1,061,721
Program services expenses (Part IX)
$880,191
Management and general expenses
$447,674
Fundraising expenses
$31,176
Program service expenses (Part III)
$880,191

Program services were 64.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $953,203

  • 2a · Program service revenue: CHESS PROGRAM INCOME

    total $30,025 · related or exempt $30,025

  • 2b · Program service revenue: GENERAL CONTRACTING

    total $87,314 · related or exempt $87,314

  • 2c · Program service revenue: HOV INCOME

    total $6,288 · related or exempt $6,288

  • 2d · Program service revenue: LAWN CARE

    total $28,002 · related or exempt $28,002

  • 3 · Investment income

    total $37,324 · excluded $37,324

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $42,905

  • 6c · Rental income or loss

    real property $42,905

  • 6d · Net rental income or loss

    total $42,905 · related or exempt $42,905

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CONTRIBUTED NONFINANCIAL ASSET

    total $8,199 · related or exempt $8,199

  • 11b · Other revenue: OTHER INCOME

    total $13,200 · related or exempt $13,200

  • 11e · Other revenue, total

    $21,399

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $100,000 · program services $18,976 · management and general $75,549 · fundraising $5,475

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $197,137 · program services $56,385 · management and general $124,483 · fundraising $16,269

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $40,817 · program services $1,000 · management and general $39,817

  • 10 · Payroll taxes

    total $22,195 · program services $4,313 · management and general $16,637 · fundraising $1,245

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $729 · management and general $729

  • 11c · Fees: accounting

    total $44,140 · management and general $44,140

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $260,693 · program services $260,493 · fundraising $200

  • 12 · Advertising and promotion

    total $5,399 · program services $4,168 · management and general $1,231

  • 13 · Office expenses

    total $30,145 · program services $11,151 · management and general $18,994

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $2,350 · program services $2,350

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $37,165 · program services $7,093 · management and general $28,026 · fundraising $2,046

  • 23 · Insurance

    total $18,027 · program services $3,421 · management and general $13,619 · fundraising $987

  • 24a · Other expenses: GENERAL CONTRACTING

    total $189,137 · program services $186,274 · management and general $2,863

  • 24b · Other expenses: STIPEND

    total $143,816 · program services $143,816

  • 24c · Other expenses: SUPPLIES

    total $94,483 · program services $92,339 · management and general $2,144

  • 24d · Other expenses: MEALS & ENTERTAINMENT

    total $44,568 · program services $37,431 · management and general $7,137

  • 24e · All other expenses

    total $128,240 · program services $50,981 · management and general $72,305 · fundraising $4,954

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,849 · end of year $257,835

  • 2 · Savings and temporary cash investments

    beginning of year $85,417 · end of year $24,137

  • 3 · Pledges and grants receivable

    end of year $134,418

  • 4 · Accounts receivable

    beginning of year $343,113 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,657 · end of year $9,237

  • 10a · Land, buildings and equipment: cost or other basis

    $798,764

  • 10b · Land, buildings and equipment: accumulated depreciation

    $102,016

  • 10c · Land, buildings and equipment, net

    beginning of year $754,642 · end of year $696,748

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $16,618 · end of year $5,743

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,066 · end of year $19,517

  • 23 · Secured mortgages and notes payable

    beginning of year $25,000 · end of year $46,880

  • 25 · Other liabilities

    beginning of year $18,928

  • 27 · Net assets without donor restrictions

    beginning of year $1,127,022 · end of year $771,721

  • 28 · Net assets with donor restrictions

    beginning of year $87,280 · end of year $290,000

Mission and programs · 2024

Mission

Dream Builders 4 Equity (DB4E) is working to develop economically sustainable and socially engaged communities by growing equity for youth, businesses, residents, and real estate.

Activities or mission (Part I)

Develop economically sustainable and socially engaged communities by growing equity for youth, businesses, residents, and real estate.

  • Real Estate Program- DB4E actively addresses the vacant home and building epidemic in North City by rehabilitating and reimagining previously vacant properties. This initiative expands economic opportunities for minority contractors, fosters community business growth, and establishes sustained long-term momentum and investment in Hyde Park. Currently, DB4E is revitalizing four dilapidated properties in the Hyde Park neighborhood, contributing directly to the ongoing renewal of the St. Louis community while involving youth ages 16-24 in the rehabilitation process. As part of our commitment to the community, DB4E has completed seven free home repairs for seniors in the Hyde neighborhood and undertaken four community projects. Additionally, the Dream Builders team and youth played a crucial role in restoring the Hyde Park community after a major storm, clearing numerous fallen trees and debris. The DB4E youth dedicated 352 hours to neighborhood beautification and community cleanup efforts.

    Expenses $631,248 · Revenue $101,795

  • The Summer Build Academy is an eight-week program at the heart of DB4E's youth-driven community transformation. It equips participants aged 16-24 with essential tools, resources, and support, enabling them to thrive and lead in various aspects of life. Throughout the summer, participants engage in community development projects and reflect on their experiences in journals. Their writings are published in a book, with proceeds directly benefiting the youth. After completing the academy, participants are paired with mentors and have opportunities to earn money through property rehabilitation and teaching chess. They also take part in monthly events and have access to free therapy. In 2024, a total of 46 young people completed the Summer Build Academy, collectively investing 9,247 hours in transforming themselves and the Hyde Park community. Graduates from this program serve as chess coaches through our Black Squares Chess initiative, now active in six schools in partnership with Soul Fishers Ministry, where they teach chess to children from kindergarten to eighth grade. Remarkably, 96% of our program participants have achieved significant outcomes, including gainful employment, high school graduation, college enrollment, and successful college graduation, with many currently on track to graduate from high school.

    Expenses $199,601 · Revenue $43,546

  • HOV House of Vision (HOV) is a vibrant community store that highlights locally made clothing, art, books, and other products created by youth and community members. As a catalyst for successful entrepreneurship, HOV removes barriers and risks, providing a safe training ground for our youth and local residents. HOV plays a crucial role in our comprehensive strategy for transforming North St. Louis City. We recognize that building a prosperous community involves more than just rehabilitating homes; it also requires essential services such as retail stores, grocery stores, childcare facilities, and more. By actively contributing to these needs, HOV encourages businesses to return to the area or establish themselves here. In addition to serving as a community store, HOV operates a print and embroidery shop for external businesses, employing our youth as staff members. This integrated model reflects our commitment to nurturing talent, fostering entrepreneurship, and promoting equity within the community. To date, House of Vision has supported 22 local entrepreneurs, providing them with a platform to showcase their products and generate revenue for their small businesses.

    Expenses $49,342 · Revenue $6,288

As filed on the 2024 return.

Listed in Part VII

  • Michael Woods

    President & CEO

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Adam Layne

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jana Haywood

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Mark Butler

    Director

    Total calculated
    $0
    Hours/week
    2
  • Matthew Thurman

    Director

    Total calculated
    $0
    Hours/week
    1
  • Adrienne Eaglin

    Secretary

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202523219349315497

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